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S2003726_en.pdf
S2003726_en.pdf

... It should be clear that estimates of potential output are only one of the indicators to be used in macroeconomic policy evaluation. In most developing countries an additional array of measures about the economic cycle are used in macroeconomic analysis among which the most important are measures of ...
PDF Download
PDF Download

... economic situation, while the economic expectations remained positive but did not improve further (Figure 6). The economic growth in 2010 was powered by both consumer spending and capital expenditures. This economic pattern applies to both the US and Canada. Although these results are encouraging, t ...
E P conomic Statistics in hilippines
E P conomic Statistics in hilippines

... implemented ▪Statistical law protects confidentiality and independence of statistical information ▪ Decentralized statistical system ○ Responsibilities are clearly defined for agencies involved in the production of the Core Set ○ Plans are currently being implemented to improve coordination of produ ...
Research Paper Research Paper - Federal Reserve Bank of Dallas
Research Paper Research Paper - Federal Reserve Bank of Dallas

Economics R. Glenn Hubbard, Anthony Patrick O`Brien, 2e.
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... Intermediate good or service A good or service that is an input into another good or service, such as a tire on a truck. GDP Includes Only Current Production:GDP includes only production that takes place during the indicated time period. ...
Mises_Biblio
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... Selected Writings of Ludwig von Mises Vol. 2: Between the Two World Wars: Monetry Disorder, Interventionism, Socialism, and the Grear Depression. Indianapolis: Liberty Fund, 2002. Selected Writings of Ludwig von Mises Vol. 3: The Political Economy of International Reform and ...
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... where {εz,t } and {εξ,t } are iid normal random variables with zero means and standard deviations of σ z and σ ξ , respectively, and independent of each other. Parameters gA and ...
I Changes in Business Cycles: Evidence and Explanations Christina D. Romer
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... annual changes are slightly compressed. This basic similarity of volatility in the prewar and postwar eras echoes findings from studies that consider different types of evidence. Sheffrin (1988) examines output series from six European countries, which he argues are more likely to be consistent over ...
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RABE-DISSERTATION-2015 - JScholarship

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... Inferior Goods: - These are the goods for which demand rises with decreases in income of consumer. In other words income effect is negative. Giffen Goods: - Those inferior goods whose income effect is negative but price effect is positive. Change in Quantity demanded: - It is also called movement al ...
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Coordinating Business Cycles ∗ Edouard Schaal Mathieu Taschereau-Dumouchel

... relies on coordination failures, our theory suggests a role for government intervention. We study various policies and find, in particular, that government spending, while generally detrimental to coordination, may sometimes raise welfare by successfully preventing the economy from falling to the lo ...
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Prices in Motion: Towards a Schumpeterian Price Theory*

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065_Digest_#65_Aprel_1_2016

... Mannan, the company promises to be the first sign of cooperation between the two countries in the field of pharmaceutics. About a dozen of new companies with the Bangladeshi capital will appear in Uzbekistan in the next few years to specialize in the production of various medicines. According to the ...
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... existing technologies, or by pursuing what we call an investment-based growth strategy. If this assessment is correct, the institutions that are appropriate to such nations should encourage investment and technology adoption, even if this comes at the expense of various market rigidities and a relat ...
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Factor Productivity and Potential Output Growth in South Africa
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The real exchange rate and phasing in of oil revenues
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PDF
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... for Kuchler and McCelland,11 these studies did not consider the impacts that livestock growth stimulants may have on the domestic crop sector through changes in feed demand. The pork and dairy industries are major users of feed grains, especially corn, and soybean meal. In 1985, feed usage in the da ...
Growth, Trade, and Urban Development of Staple Regions
Growth, Trade, and Urban Development of Staple Regions

... growth is said to be pro-trade-biased, neutral, or antitrade-biased as, respectively, 0V increases, remains constant, or decreases as a result of growth. Whether the percentage of regional output exported, or regional consumption imported (that is, trade) increases, remains constant, or decreases ov ...
The Impact of Resource Abundance and Resource Inequality on
The Impact of Resource Abundance and Resource Inequality on

... The resource curse, where an abundance of natural wealth ends up being a curse rather than a blessing to a country, is a well-known paradox in the development literature. It is a paradox because resource abundance was once considered a key to economic growth and development. The industrial revoluti ...
THE SPENDING AND SAVING BEHAVIOUR OF THE FINNISH THE FINNISH ECONOMY
THE SPENDING AND SAVING BEHAVIOUR OF THE FINNISH THE FINNISH ECONOMY

... In Economics, there are two types of GDPs: nominal and real. The difference between the two is that nominal GDP is the sum of the quantities of final goods produced multiplied by their current prices (Blanchard et al. 2010: 19) whereas the real GDP is the sum of the production of final goods multipl ...
Macroeconomic Equilibrium File
Macroeconomic Equilibrium File

I. Illicit drugs and economic development
I. Illicit drugs and economic development

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Production for use

Production for use is a phrase referring to the principle of economic organization and production taken as a defining criterion for a socialist economy. It is held in contrast to production for profit. This criterion is used to distinguish socialism from capitalism, and was one of the fundamental defining characteristics of socialism initially shared by Marxian socialists, evolutionary socialists, social anarchists and Christian socialists.This principle is broad and can refer to an array of different configurations that vary based on the underlying theory of economics employed. In its classic definition, production for use implied an economic system whereby the law of value and law of accumulation no longer directed economic activity, whereby a direct measure of utility and value is used in place of the abstractions of the price system, money and capital. Alternative conceptions of socialism that don't utilize the profit system such as the Lange model involve the use of a price system and monetary calculation.The central critique of the profits system by socialists is that the accumulation of capital (""making money"") becomes increasingly detached from the process of producing economic value, leading to waste, inefficiency, and social issues. Essentially it is a distortion of proper accounting based on the assertion of the law of value instead of the ""real"" costs of the factors of production, objectively determined outside of social relations.
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